US investment group acquires German machinery giant
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Manufacturing News, Source : The Manufacturer US
Published : 07 Jul 2006 12:06
Madison Capital Partners, a Chicago-based investment group which specializes in industrial manufacturing investments, has acquired Mannesman Plastics Machinery AG, the world’s largest manufacturer of machinery for the production of plastics and rubber and the market leader in injection molding machines.
The transaction was initiated by a transatlantic team consisting of US-based private investment banking firm Goldsmith Agio Helms and Agio International in Europe.
“We have had discussions with five separate manufacturers of injection molding machinery since 1994,” said Larry Gies, president and CEO of Madison. “However, in each case Madison was not satisfied with the depth and breadth of people, technology and products. With MPM, we are partnering with the greatest plastic machinery manufacturer in the world. It is a perfect match and we credit the entire global team at Goldsmith Agio Helms for making this possible.”
MPM had sales of approximately €1.3 billion (approx $1.65 billion) last year. It’s best known brands include Krauss-Maffei, Netstal, Berstorff and Demag Plastics.
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